Bukalapak signs $141m loan facility with DBS Indonesia

Bukalapak signs $141m loan facility with DBS Indonesia

Logo of Bukalapak, an Indonesian e-commerce firm, is seen outside its headquarters in Jakarta, Indonesia, June 16, 2021. REUTERS/Willy Kurniawan

Indonesia’s e-commerce firm PT Bukalapak.com Tbk signed an uncommitted revolving short term loan facility of up to Rp2 trillion ($141 million) with PT Bank DBS Indonesia as part of its strategy to diversify its source of funding, the company said in a filing to the Indonesia Stock Exchange late on Monday.